What’s Up? (Nov. 7-13) G.E. Is Breaking Up. So Is J.&J. On Tuesday, General Electric said it will spin off its health care division in early 2023 and its energy business a year later. Only its aviation division will remain. The 129-year-old company’s breakup marks an end to an era of global conglomerates. Other large […]
Category Archives: Business
Meghan, the Duchess of Sussex, has been hitting the phones, calling members of Congress to garner support for paid family leave in the United States. “I just get the phone number, and I call and have a conversation,” she told Andrew Ross Sorkin at the DealBook Online Summit on Tuesday. “People are pretty surprised, I […]
The United Automobile Workers said late Friday that the agriculture equipment maker Deere & Company had made modifications to an earlier agreement that was rejected by its membership, setting up another vote over whether to end a nearly monthlong strike. The strike began on Oct. 14, a few days after roughly 10,000 workers primarily in […]
Kaiser Permanente, the health care provider and hospital network, reached a tentative agreement on Saturday with a coalition of unions representing workers in California, Oregon and other states that will avert a strike of more than 30,000 workers scheduled to begin on Monday. The four-year agreement would provide workers with wage increases and address concerns […]
Then there was a 35-year-old tech worker in Long Beach, Calif., who bought a house in Round Rock for $300,000 last October. By January 2021, it was worth roughly $400,000; in February, he bought two more. His winning bids were two of dozens that his real estate agent, a former equities trader who now works […]
Nearly 14 years after a Los Angeles court deemed the pop sensation Britney Spears unable to care for herself, stripping the singer of control in nearly every aspect of her life, a judge ruled on Friday to end the conservatorship that Ms. Spears said had long traumatized and exploited her. “The conservatorship of the person […]
This is a path that many experts recommend against. “The first thing we tell people is absolutely not to tap into their retirement account,” said Elizabeth Isele, the founder and chief executive of the Global Institute for Experienced Entrepreneurship. Though Ms. Edwards is younger than the entrepreneurs over age 50 the institute is devoted to, […]
Helene Fortunoff, who built a multimillion-dollar jewelry empire with outlets across the New York region and a flagship store on Fifth Avenue, died on Nov. 8 in Miami Beach. She was 88. The cause was a respiratory illness, her daughter Esther Fortunoff-Greene said. Mrs. Fortunoff started her career in 1953 working for her husband Alan […]
The drug maker AstraZeneca has been selling its coronavirus vaccine at not-for-profit prices during the pandemic, as part of a promise to rollout the vaccine at cost through the crisis. But on Friday, the Anglo-Swiss company said in reporting its third-quarter earnings that it would begin pricing its vaccine to make a “modest” profit “as […]
At the same time, Johnson & Johnson was also under public and legal fire for its role in the opioid crisis. The company was a manufacturer of potentially addictive opiate painkillers, a business it discontinued entirely in the United States last year. It faces lawsuits seeking billions of dollars, though courts in California and Oklahoma […]